Trade barriers
Trade barriers Meaning:
Government regulations or policies that restrict international trade, or make it more difficult or costly.
Government regulations or policies that restrict international trade, or make it more difficult or costly.
Trade barriers Example:
A tariff – that is, a tax on the importation or exportation of a specific type of goods – is a trade barrier. Tariffs restrict international trade by making imports or exports less competitive.
A tariff – that is, a tax on the importation or exportation of a specific type of goods – is a trade barrier. Tariffs restrict international trade by making imports or exports less competitive.